Financial advisors play a critical role when it comes to helping individuals to navigate their finances. Whether it’s personal finances, investments, retirement planning or anything in between seeking out the help of an experienced professional can be very beneficial. 

Whilst you’ve probably heard the term financial advisor before, there is often confusion about what a financial advisor actually is and what they actually do.

This is our comprehensive guide to what a financial advisor is, what it is they actually do and how they can help you get a better understanding your finances. 

Understanding the role of financial advisors

In short, a financial advisor is a person who provides guidance and expertise on a range of different aspects of your finances. A financial advisor's main goal is to help their clients to make informed decisions about managing their money, investing for the future and planning for significant life events like retirement. 

Financial advisors work closely with their clients to understand their financial goals, risk tolerance and their current financial situation to help develop personalised strategies to help their clients hit their financial objectives. 

The Services offered by our financial advisors

There are a number of different financial services available when you work with a financial advisor, these are some of the most common services you can expect to see financial advisors offering to their clients. 

Investment advice

One of the main things a financial advisor can help you with is to help you build and manage your investment portfolios tailored to your financial goals. This means helping with advice in regards to types of investments, asset allocation and ongoing monitoring to help optimise your returns and manage your risk. 

Financial planning

Financial advisors can help clients in creating financial plans that address their financial situation as well as their goals for the future. This can include budgeting, saving, retirement planning, risk management and more. These financial plans can help be the roadmap to help clients achieve their short-term and long-term goals.

Retirement planning

Planning for retirement is an exciting and daunting time in everyone's life and it’s a significant part of financial advisory services. Advisors can help clients assess their needs for retirement and help them build wealth and manage their super funds to maximise their income for retirement.

SMSF advice

Our team of financial advisors can help you manage your self managed super fund. They provide expert guidance on the creation, administration, and investment strategies for self-managed super funds. If you need some guidance on your SMSF, a financial advisor is a great place to start! 

How can Allied Wealth help you? 

At Allied Wealth, we know how important it is to have personalised financial guidance that is tailored to your needs and goals. Our team of expert financial advisors can help you navigate the financial landscape and reach all your short and long-term financial goals. 

If you want to find out exactly how our financial advisors can help you, you can contact a member of our team today to learn more about our comprehensive services and our transparent subscription plans. 

What factors influence the cost of financial advice?

If you’ve been looking into seeking professional financial advice but the possible price is holding you back, we hear you! One of the very first questions that people ask themselves when they seek financial advice is, “How much does this cost?” and whilst the cost can vary depending on a number of factors we pride ourselves on transparent pricing! 

At Allied Wealth, we know that being transparent, especially when it comes to finances,is crucial, and we aim to offer transparent and comprehensive pricing subscription plans so that you can get expert advice every step of the way. 

Here is a comprehensive guide to what factors influence the cost of financial advice and how much you can expect to pay with our subscription plan. 

Complexity of your finances 

One of the main factors that may influence the overall cost of your financial advice services is how complex your situation is. The cost of independent financial advice can depend on your current financial situation, your goals, your assets and your risk tolerance. 

When it comes to providing you with the best financial advice, advisors have to assess your financial situation to provide you with tailored recommendations. If your financial situation is more straightforward, you might require just basic advice. But if you have a more complex financial situation you might be charged at a slightly higher rate due to the increase in work for your advisor. 

Services on offer 

The range of services you need will also impact the overall cost of financial advice. If you’re only seeking advice on retirement planning, you may pay less than if someone was needing guidance with retirement planning, investment advice and SMSF advice

At Allied Wealth, our subscription plans are tailored to individuals that require a comprehensive range of services. Our 12-month plans which start at $550 a month include scenario analysis, initial and ongoing advice, quarterly investment updates, bi-annual review meetings and ongoing access to your advice that you can get personalised guidance tailored to your needs without hidden fees. 

Different pricing structures

The pricing structure used by financial advisors also plays a role in determining the overall cost of their services. Some advisors will charge a flat fee for their specific services whilst others might use a percentage-based fee structure. 

At Allied Wealth, we think that transparent pricing is key to a great advisor/client relationship. Our subscription plan means you get a fixed monthly fee so you know exactly what you’re paying each month. Avoid hidden charges or expensive surprises and remain focused on achieving your financial goals when you work with our team of expert independent advisors. 

Contact Allied Wealth today 

To find out more about our pricing structure and the types of financial advice services we offer, you can contact a member of our team today

If you’re looking for transparent pricing from a team of expert independent financial advisors you have definitely come to the right place! 

How a female financial advisor can help you reach your goals 

It’s no secret that the financial advisor industry is a male-dominated one, and if you’re a woman looking for financial advice, it can be daunting to lay your finances on the table with a male advisor.  Opening up to a financial advisor doesn’t have to be scary, but if you’re looking to work with a female financial advisor to make that initial meeting feel more comfortable, you are well within your rights to do just that!

Here are our top 5 reasons that you should choose a female financial advisor when you’re looking for independent financial advice

1. We understand your unique financial challenges 

When it comes to working with a female financial advisor, we know the unique challenges that women face in the financial world. We know that women tend to earn less than men and often take time off work more than their male counterparts to have babies, care for their children or care for elderly relatives. 

These two factors alone can make it more difficult for you to save for retirement or reach your financial goals and female financial advisors have a deeper understanding (oftentimes even a firsthand understanding) of these challenges and the ways to best approach your finances and financial goals. 

2. We can relate to you and your concerns 

When it comes to investing, women tend to be more cautious and also tend to have different priorities when it comes to their money. A female financial advisor knows these worries and concerns well and they may be able to understand and address your concerns and priorities in a way that a male advisor may not be able to do. 

3. You may be more comfortable sharing woman to woman 

When it comes to sharing deeply personal information, like your financial situation, you may be more comfortable sharing that information woman to woman. This may be particularly relevant in delicate situations like divorce or domestic abuse. It’s easier to trust someone that you relate to, so having a financial advisor that is also a woman may make it easier for you to be more comfortable and more open sharing the details of your finances and your life. 

4. Experience!

When it comes to sharing information about your finances, particularly the nitty gritty details, it’s important to talk to someone who has experience – even lived experience – in your unique situation. When you work with a female financial advisor, chances are that they have had similar experiences or can relate to your experience more than a male financial advisor may be able to. Working with a female financial advisor who knows exactly what you’re going through whether it be relationship changes, career changes or lifestyle changes can help you to navigate the process easier and in a more comfortable environment. 

5. More emotional intelligence 

While we definitely aren’t suggesting men aren’t emotionally intelligent, it’s no secret that women are generally associated with having higher levels of empathy and emotional intelligence than their male counterparts. This is crucial when it comes to communication around sensitive subjects, particularly when it comes to the topic of money.

It’s crucial for financial advisors to handle their clients' situations with empathy and care and you may find you receive a higher level of empathy when seeking advice from a female financial advisor. 

How can Allied Wealth help? 

We know that finding a female financial advisor can sometimes be difficult, and we pride ourselves on having Jess Brizuela on our team if you’re looking to work with an experienced female financial advisor. 

At Allied Wealth we have an experienced team of financial advisors, including female financial advisors, that can help guide you through your finances whether you’re looking for retirement planning advice or investment advice

Contact us today to find out how our team can help you find the female financial advisor you’ve been looking for!

Is there a difference? 

If you’re new to the financial planning world, you’ve probably heard the terms “independent financial advisor” and “financial advisor” thrown around a lot and also often used interchangeably which can be confusing if you’re new to the financial planning landscape. 

Understanding the differences between these two roles is crucial in order to help you make an informed decision about the type of financial expert you should choose that will best suit you and your needs.

What are the key differences? 

Independence

The key difference between a financial advisor and an independent financial advisor is their independence. If you’re looking for financial advice that isn’t associated with banks or financial institutions an independent advisor is the way to go! Independent financial advisors don’t have limitations on the products and services they can recommend so their advice is unbiased and aligns with your financial goals.

Types of recommendations 

Financial advisors may have a vested interest in recommending specific products or services that they are affiliated with or that are offered by their employer. Independent financial advisors have the freedom to recommend products and services from a huge range of providers so your needs are always met rather than trying to meet a quota for a financial institution. 

Client focused 

Independent financial advisors are more known to be client focused, taking the time to understand your individual needs and goals. It’s a personalised approach that allows them to tailor their advice to you and your specific circumstances whilst financial advisors may have to offer more generalised advice due to guidelines put in place by their employers. 

Fee structures 

The cost and fee structures can vary from financial advisor to independent financial advisor. This may be because financial advisors may earn a commission based on products they sell. Our independent advisors work to be completely transparent with our fees and you can be sure that the way we charge is not at all influenced by any commissions. 

Choosing the right advisor for you

When you’re choosing between a financial advisor or an independent financial advisor it all comes down to you and your financial goals. At Allied Wealth we offer you the expertise of independent advisors that are completely committed to your financial growth, independence and transparency. 

Understanding the difference between independent financial advisors and financial advisors is crucial when it comes to making an informed decision that best benefits you. 

When you’re trying to navigate your finances and unlock a future of financial freedom, choosing an independent financial advisor that has your back and your best interests in mind is crucial. 

Just one quick Google search will unlock a number of different independent financial advisors, but which one will be best for you? 

Choosing an independent financial advisor that aligns with your goals and has ample experience in the Australian financial landscape is crucial, at Allied Wealth we have the tools to help you on your financial journey. These are our six key considerations we think you should keep in mind when you are trying to choose an independent financial advisor. 

1. Try to find an independent financial advisor 

Independent financial advisors are a great choice when you’re looking for an independent financial advisor. Independent advisors like our team at Allied Wealth aren’t tied to a specific financial institution so you can be sure that the advice you receive is completely unbiased and based on your best interests. This independence also allows them to give you objective advice that is tailored to your unique financial situation. 

2. Look for experienced advisors 

Financial planning isn’t easy, and experience and expertise is crucial to ensure you get relevant advice. When you’re picking an independent financial advisor you may want to consider the number of years experience they have. At Allied Wealth our independent financial advisors have over 20 years of experience so you can be sure you’re getting informed, relevant and tailored advice. 

3. Check client testimonials & reviews 

Before you commit to a decision, you’ll want to check out what other people have to say about the services on offer. Checking out client reviews and testimonials is a great way to gauge how satisfied previous clients have been with the independent financial advisor you’re considering. At Allied Wealth, we value your satisfaction – and our client testimonials are proof of our commitment to offering quality advice. 

4. Find someone who prioritises YOU

A good independent financial advisor prioritises you and your individual goals and dreams. Pay attention to whether or not your independent financial advisor listens to your concerns and goals, and how well they tailor their advice to your specific financial situation. We are committed to maintaining a client-centric approach to fully understand your circumstances and how we can best help you reach your financial goals. 

5. Look for an advisor with transparent fees

When choosing an independent financial advisor, understanding how they charge is crucial. You may want to ask for a breakdown of the fee’s to understand exactly how your independent financial advisor is being compensated. Fee transparency is a crucial aspect to build trust between you and your advisor. 

6. Look for a range of services

You’ll want to look for an independent financial advisor who offers a comprehensive range of services that meet all your needs. Whether you’re after retirement planning, wealth management or wealth growth strategies, our team at Allied Wealth can help you out! 

How can we help you? 

At Allied Wealth, we are committed to independence, experience and your overall satisfaction. If you’ve been on the hunt for an independent financial advisor but haven’t had any luck, contact us for all the tips and tricks you need to find an independent financial advisor who prioritises you with Allied Wealth.

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